SQUAWK

Tony Fernandes – AirAsia

One solution to the challenges of running an airline during a pandemic that has decimated your network is to pivot the business towards non-aviation activities, and that is the tack being taken by AirAsia Group under the guidance of chief...

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Michael Rousseau – Air Canada

Air Canada’s Michael Rousseau takes the helm of the largest Canadian airline at a time when it faces multiple crises, the biggest of which is not of its own making. Among the many issues Rousseau will need to deal with,...

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British Airways secures £2bn loan facility from 11 banks

HSBC, Deutsche Bank, Credit Suisse, Standard Chartered, Santander and Citi are among the 11 banks in the syndicate that has extended a £2 billion (£2.8 billion) guaranteed loan facility to IAG-owned British Airways, Cirium understands. HSBC, Deutsche Bank, Credit Suisse, Standard Chartered,...

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Michael O’Leary – Ryanair

Most analysts will tell you that low-cost carriers with significant exposure to leisure markets are best placed to lead Europe’s airline industry out of the pandemic. There is perhaps no better bellwether carrier, then, than the giant Irish operator, with...

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UK bans operations with PW4000-powered 777s

UK regulators have imposed a ban on operating Boeing 777s fitted with Pratt & Whitney PW4000-112 engines until protective action is carried out, following the powerplant failure on a United Airlines 777-200 over Denver. The UK Civil Aviation Authority says...

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Urgent checks ordered on Bell 505 collectives after pre-flight fracture

Operators of Bell 505 helicopters are being ordered urgently to inspect the collective stick on the type for cracks, after an incident in which the assembly fractured on an aircraft during pre-flight checks. The collective stick is mounted between the...

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​MTU to grow narrowbody engine overhaul capacity in Berlin

German engine specialist MTU will start servicing CFM International CFM56-7Bs and International Aero Engines V2500s at its Berlin overhaul shop later this year. German engine specialist MTU will start servicing CFM International CFM56-7Bs and International Aero Engines V2500s at its Berlin overhaul shop later...

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Seoul says Jakarta still in KF-X despite Rafale, F-15EX talk

South Korea’s Defense Acquisition Program Administration (DAPA) insists that Indonesia is still committed to the Korea Aerospace Industries (KAI) KF-X fighter programme, despite media reports that Jakarta will obtain Dassault Rafales and Boeing F-15EX fighters in the coming years. South...

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AirAsia’s Fernandes offers rose-tinted outlook

AirAsia Group chief Tony Fernandes is optimistic that the AirAsia Group, which has been hard hit by coronavirus pandemic, will “potentially” achieve full recovery “within the next two years”. AirAsia Group chief Tony Fernandes is optimistic that the AirAsia Group,...

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Talks on Hong Kong-Singapore travel bubble continue

The governments of Hong Kong and Singapore are continuing discussions over a quarantine-free travel bubble between the two cities that was delayed last year after Hong Kong experienced a surge in Covid-19 cases. The governments of Hong Kong and Singapore...

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